Western Union Scraps $500 Million Intermex Acquisition Over…
By Abdelaziz Fathi
AI summary of the source article
Western Union has moved to terminate its $500 million acquisition of Intermex after rejecting conditions set by California regulators. Intermex rejected the termination notice, alleging Western Union failed to meet its contractual obligations, and threatened legal action.
Why it matters
Intermex shareholders now face uncertainty over both the acquisition premium and potential litigation.
Key facts
- Western Union moved to terminate the $500 million, $16-per-share deal after rejecting conditions from California's DFPI.
- Intermex rejected the termination notice, reserving rights to seek damages or a court order compelling completion of the merger.
- The transaction had already received approvals across 54 states, territories, and foreign jurisdictions, leaving California as the final regulatory obstacle.
Source excerpt · FinanceFeeds
Western Union has moved to terminate its $500 million acquisition of International Money Express (Intermex) after rejecting conditions imposed by California regulators, but the proposed takeover has entered a legal dispute after Intermex challenged the termination and demanded that the transaction proceed.Western Union announced its decision on November 10, 2026, saying the California Department o…